By our Correspondent The Budget Office of the Federation (BOF) has responded to observations contained in the 2026 Fiscal Transparency Report of the United States Department of State on Nigeria, welcoming external scrutiny while clarifying aspects of the country’s fiscal transparency framework and institutional responsibilities. In a statement issued onContinue Reading
People’s Daily/GSF China saw robust exports in electric vehicles (EV), lithium batteries and photovoltaic products, known as the “new three,” in the first half of this year. More notably, robotics, artificial intelligence (AI) and innovative drugs, which represent the future direction of industrial development, are also emerging as newContinue Reading
China’s consumer price index (CPI), a main gauge of inflation, rose 0.5 percent year on year in July, official data showed Sunday. Consumers shop at a market in Huzhou, east China’s Zhejiang Province, July 9, 2026. (Photo: Xinhua) The core CPI, which excludes food and energy prices, increased 0.9Continue Reading
China’s producer price index (PPI), which measures costs for goods at the factory gate, went up 3.5 percent year on year in July, the National Bureau of Statistics (NBS) said Sunday. On a month-on-month basis, PPI dipped 0.7 percent last month, the NBS data showed. Analyzing the monthly changes,Continue Reading
China’s foreign trade in yuan-denominated terms grew 19.2 percent year on year in July, data from the General Administration of Customs showed on Friday. The total value of goods imports and exports reached 4.66 trillion yuan (about 686.26 billion U.S. dollars) last month, remaining above 4 trillion yuan forContinue Reading
China’s transition from rapid scale expansion to high-quality economic development, driven by the cultivation of new quality productive forces, is injecting new momentum into Sino-Russian cooperation and global economic stability, experts from both countries said. The driving forces behind China’s economic growth are undergoing profound changes, with high-quality developmentContinue Reading
Dangote Industries Limited and Sinoma International Engineering Co., Ltd. have signed a landmark memorandum of understanding (MOU) valued over $800 million for the expansion of the Dangote Cement Plant in Itori, Ogun State, increasing its production capacity to 12 million metric tons per annum. In a press statement byContinue Reading
CGTN First-half (H1) economic data from 31 Chinese provincial-level regions offer a closer look at how the world’s second-largest economy is navigating 2026. The picture is broadly resilient. All 31 regions recorded positive GDP growth, with most expanding by over 4.5%. While traditional economic powerhouses continued to anchor nationalContinue Reading
The total import and export value of Yiwu City, known as the “world’s supermarket” in east China’s Zhejiang Province, reached 486.42 billion yuan (about 71.64 billion U.S. dollars) in the first half of 2026, up 19.9 percent year on year, according to customs statistics. Its exports hit a recordContinue Reading
China-Europe freight trains have made more than 130,000 trips and transported goods with a total value exceeding 520 billion U.S. dollars, latest official data showed Tuesday. By June 2026, the loaded container ratio of the China-Europe freight trains had remained at 100 percent for 46 consecutive months. In termsContinue Reading
